Oil closes 3% higher after market pessimism over the end of the war in the Middle East.

The May contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) It ended this Thursday (16) with a significant increase of 3.72%, quoted at US$ 94.69/barrel. The June contract for Brent advanced 4.7% in Intercontinental Exchange (ICE), trading at US$ 99.39/barrel.

In this auction, the fuel prices They continued to be driven by market pessimism regarding the concrete end of the war in Middle EastFollowing another session without new updates on negotiations for the continuation of the ceasefire between the United States and Iran.

Despite the recent statement by the US president, Donald Trump, stating that the country's administration has an "excellent relationship" with Iranian authorities, affirming that the Ayatollah's government Mojtaba Khamenei Although he accepted “almost everything” that was proposed, there are no clear signs that representatives of the two nations will meet again anytime soon for a new meeting. 

The date set for the end of the current ceasefire expires next Tuesday (21). Some leaders of European countries and in Persian Gulf They estimate that lasting peace could be achieved in six months.

Despite the pessimism, the rise in oil prices was limited after Trump declared that Israel and Lebanon have agreed to a 10-day ceasefire.. 

This text was translated by machine from Brazilian Portuguese.